Gleeson’s AGM statement confirms it is trading in line with expectations. As flagged, FY25 is expected to be a year of transition with a greater than usual H2 weighting. H1 is very much seen as the bottom of the market for Gleeson, with an ambitious site opening plan expected to drive growth thereafter. We make some minor adjustments to our P&L but leave our forecasts largely unchanged. Demand has continued to improve at Gleeson Homes, with reservation rates increasing to 0.56 (0.47 exc. bulk) v ....
